Cryptocurrency
fromnews.bitcoin.com
1 week agoFrench Finance Minister: Euro-Based Stablecoins Vital to European Financial Sovereignty
Roland Lescure urged EU banks to launch euro stablecoins by 2026 to counter U.S. financial dominance.
The proposed legislation, which is far from approved, would see France aim to acquire up to 2% of Bitcoin's total supply - roughly 420,000 BTC - over the next seven to eight years, according to the legislation and according to journalist Gregory Raymond. To manage the reserve, the bill envisions the creation of a Public Administrative Establishment (EPA), similar in structure to France's gold and foreign-currency holdings.